Raymond James Upgrades Waystar (NASDAQ:WAY) to Strong-Buy

Raymond James upgraded shares of Waystar (NASDAQ:WAY) from an outperform rating to a strong-buy rating in a research report report published on Friday, MarketBeat Ratings reports. Raymond James currently has $40.00 price target on the stock.

Other equities analysts have also issued research reports about the company. Evercore ISI boosted their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price target on Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, August 19th. Finally, Bank of America increased their target price on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waystar has a consensus rating of “Buy” and an average price target of $32.90.

Waystar Trading Down 0.9 %

NASDAQ:WAY opened at $30.96 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a twelve month low of $20.26 and a twelve month high of $33.25. The firm has a fifty day moving average of $28.56.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. Waystar’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, analysts expect that Waystar will post 0.03 EPS for the current year.

Institutional Trading of Waystar

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cerity Partners LLC lifted its position in shares of Waystar by 1.5% during the third quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after buying an additional 699 shares during the last quarter. Amalgamated Bank purchased a new stake in Waystar during the third quarter valued at approximately $41,000. Smithfield Trust Co acquired a new stake in Waystar in the third quarter valued at approximately $68,000. RiverPark Advisors LLC purchased a new position in Waystar in the third quarter worth $78,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Waystar during the second quarter worth $145,000.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.